Dogecoin's Price Decline Persists

狗狗币的价格持续下跌

Dogecoin (DOGE) has fallen below $0.12, extending its seven-day decline. This has raised concerns among DOGE investors, who hold the top spot among meme coins by market capitalization. Significant selling pressure at the current price level is also impacting the situation negatively.

狗狗币（DOGE）已跌破 0.12 美元，延续了 7 天的跌势。这引起了 DOGE 投资​​者的担忧，他们在市值方面占据模因币的首位。当前价格水平的巨大抛售压力也对局势产生负面影响。

Resistance and Support Levels for Dogecoin

狗狗币的阻力位和支撑位

DOGE has experienced a 13.67% drop over the past week, leading to continued investor anxiety. Data from leading market intelligence provider IntoTheBlock presents a similar outlook.

DOGE过去一周下跌13.67%，导致投资者持续焦虑。领先市场情报提供商 IntoTheBlock 的数据也呈现出类似的前景。

According to IntoTheBlock, the In/Out of the Money Around Price (IOMAP) indicates potential selling pressure at the $0.11 level.

根据 IntoTheBlock 的数据，价格周围资金进出 (IOMAP) 表明 0.11 美元水平存在潜在抛售压力。

A higher number of addresses within a price range indicates stronger support or resistance at that level. On the left side of DOGE's price range (as shown in the graph above), 1.49 billion coins were purchased by 17,960 addresses, potentially preventing further price declines. However, 2.74 billion coins worth $300 million are held by 40,200 addresses on the right side.

价格范围内的地址数量越多，表明该水平的支撑或阻力越强。在 DOGE 价格范围的左侧（如上图所示），17,960 个地址购买了 14.9 亿枚代币，这可能会阻止价格进一步下跌。然而，右侧 40,200 个地址持有 27.4 亿枚价值 3 亿美元的代币。

This region is seen as a significant resistance barrier, preventing a price recovery to the support level. Failure to break through this level may lead DOGE to drop to the next support levels between $0.10 and $0.09.

该区域被视为重要的阻力位，阻止价格恢复至支撑位。如果未能突破该水平，DOGE 可能会跌至 0.10 美元至 0.09 美元之间的下一个支撑位。

Will DOGE Recover?

DOGE会康复吗？

An analysis of the daily chart reveals that the price drop for DOGE started on July 27th, when it rose above $0.13. The decline over this period represents a 17.55% drop.

对日线图的分析显示，DOGE 的价格从 7 月 27 日开始下跌，当时价格升至 0.13 美元以上。在此期间下降了17.55%。

The Exponential Moving Average (EMA) provides insights into price direction. The EMA is a leading indicator that measures trend direction over a specific period.

指数移动平均线 (EMA) 提供对价格方向的洞察。 EMA 是衡量特定时期趋势方向的领先指标。

At the time of writing, the 50 EMA (yellow) was below the 20 EMA (blue), indicating a downward trend.

截至撰写本文时，50 EMA（黄色）低于 20 EMA（蓝色），表明呈下降趋势。

If the current situation continues, DOGE may find support at the $0.11 level. However, selling pressure on Dogecoin could push the price down to $0.09.

如果目前的情况持续下去，DOGE 可能会在 0.11 美元水平找到支撑。然而，狗狗币的抛售压力可能会将价格推低至 0.09 美元。

However, a "golden cross" formation, where the 50 EMA crosses above the 20 EMA, could invalidate the downward outlook and shift DOGE's trend upward. In this scenario, DOGE's price could rise to $0.12 or $0.13.

然而，“金叉”形态（即 50 EMA 穿越 20 EMA 上方）可能会使下行前景无效，并使 DOGE 的趋势向上移动。在这种情况下，DOGE 的价格可能会上涨至 0.12 美元或 0.13 美元。